| Product Code: ETC7909710 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a diversification in its drilling fluid additives import sources, with Switzerland, Belgium, Poland, Germany, and Denmark leading the way. The market concentration decreased from moderate to low, signaling increased competition and market openness. Despite a minor decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) remained strong at 14.86% for the period of 2020-2024. This data suggests a stable and growing market for drilling fluid additives in Latvia with a promising outlook for the future.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Drilling Fluid Additives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Drilling Fluid Additives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Drilling Fluid Additives Market - Industry Life Cycle |
3.4 Latvia Drilling Fluid Additives Market - Porter's Five Forces |
3.5 Latvia Drilling Fluid Additives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Drilling Fluid Additives Market Revenues & Volume Share, By Fluid Formation, 2021 & 2031F |
4 Latvia Drilling Fluid Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for oil and gas exploration activities in Latvia |
4.2.2 Advancements in drilling technologies leading to the need for more sophisticated drilling fluid additives |
4.2.3 Government initiatives to boost the oil and gas industry in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in drilling fluid additives production |
4.3.2 Stringent environmental regulations impacting the use of certain additives |
4.3.3 Volatility in global oil prices affecting investment in drilling activities |
5 Latvia Drilling Fluid Additives Market Trends |
6 Latvia Drilling Fluid Additives Market, By Types |
6.1 Latvia Drilling Fluid Additives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Drilling Fluid Additives Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Drilling Fluid Additives Market Revenues & Volume, By Surface Modifiers, 2021- 2031F |
6.1.4 Latvia Drilling Fluid Additives Market Revenues & Volume, By Dispersants, 2021- 2031F |
6.1.5 Latvia Drilling Fluid Additives Market Revenues & Volume, By Corrosion Inhibitors, 2021- 2031F |
6.1.6 Latvia Drilling Fluid Additives Market Revenues & Volume, By Fluid Viscosifiers, 2021- 2031F |
6.1.7 Latvia Drilling Fluid Additives Market Revenues & Volume, By Biocides, 2021- 2031F |
6.1.8 Latvia Drilling Fluid Additives Market Revenues & Volume, By Defoamers, 2021- 2031F |
6.2 Latvia Drilling Fluid Additives Market, By Fluid Formation |
6.2.1 Overview and Analysis |
6.2.2 Latvia Drilling Fluid Additives Market Revenues & Volume, By Synthetic Based, 2021- 2031F |
6.2.3 Latvia Drilling Fluid Additives Market Revenues & Volume, By Water Based, 2021- 2031F |
6.2.4 Latvia Drilling Fluid Additives Market Revenues & Volume, By Oil Based, 2021- 2031F |
7 Latvia Drilling Fluid Additives Market Import-Export Trade Statistics |
7.1 Latvia Drilling Fluid Additives Market Export to Major Countries |
7.2 Latvia Drilling Fluid Additives Market Imports from Major Countries |
8 Latvia Drilling Fluid Additives Market Key Performance Indicators |
8.1 Research and development investment in new drilling fluid additive technologies |
8.2 Number of issued drilling permits in Latvia |
8.3 Adoption rate of environmentally friendly drilling fluid additives in the market |
9 Latvia Drilling Fluid Additives Market - Opportunity Assessment |
9.1 Latvia Drilling Fluid Additives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Drilling Fluid Additives Market Opportunity Assessment, By Fluid Formation, 2021 & 2031F |
10 Latvia Drilling Fluid Additives Market - Competitive Landscape |
10.1 Latvia Drilling Fluid Additives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Drilling Fluid Additives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |